Vol. CXXXIII—No. 133
MoNday, deCeMber 14, 2009
www.ColuMbIaspeCtator.CoM
students, residents celebrate M’ville decision
INSIDE
Perkins speaks at rally and march in support of Appellate Court ruling By maggIE aStOr Spectator Senior Staff Writer
a&E, page 3 Five’s the charm for arts editors This year’s artsy and entertaining section editors wrap up the millennium by listing their top five picks, from the fun and goofy to the classy and classic.
Opinion, page 4 Out of time Yurina Ko asserts that “now” will have passed by the time she finishes this sentence.
Sports, page 8 men’s basketball downs Bryant The Light Blue earned its second straight road victory with a 69-57 win over the Bulldogs. Sophomore guard Noruwa Agho led the team with 23 points.
EvENtS last classes of the decade The countdown to the nondenominational holiday celebration of your choice starts now. All Day, Everywhere
Food at the kraft Center The Kraft Center is now open for late hours through reading week and finals. Come chill until 2 a.m. (most nights, anyway) and enjoy free food all afternoon and evening. All Day, Kraft Center
QuOtE OF thE Day “We don’t want to kill Goliath, but we need Goliath to learn to be a good neighbor and play nice with this neighborhood.” —Rev. Earl Kooperkamp, Coalition to Preserve Community member
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EmINENt DOmaIN? | On Saturday, 50 people attended a Manhattanville rally to celebrate the recent State Supreme Court ruling against the use of eminent domain.
University may be nearing credit limit
A Manhattanville rally drew fifty people to celebrate the recent state Supreme Court ruling against the use of eminent domain for Columbia’s campus expansion and to urge University President Lee Bollinger to accept the decision. Students and neighborhood residents gathered at Floridita Tapas Bar & Restaurant on Broadway and 125th Street before marching down Broadway, through College Walk, and down 116th Street to Bollinger’s house on Morningside Drive, where they called on
Bollinger and the Empire State Development Corporation not to appeal. “We don’t want to face the destruction of a lovely neighborhood with businesses like Floridita,” said Tom DeMott, CC ’80 and a member of the local Coalition to Preserve Community, adding of Bollinger, “He should not appeal this great decision.” The New York State Supreme Court, Appellate Division ruled Dec. 3 that state seizure of private property in the 17-acre expansion zone for Columbia’s project—in exchange for market-rate compensation—was SEE prOtESt, page 2
inside the diana
By Sam lEvIN, kIm kIrSChENBaum, aND amBEr tuNNEll Columbia Daily Spectator Columbia may be approaching its credit limit. University President Lee Bollinger said at a September University Senate meeting that Columbia now has to exercise caution in the amount of debt it assumes. To maintain its AAA credit rating, the University cannot exceed a certain debt capacity. A rating from an outside credit rating agency, such as Moody’s Corporation, provides information for lenders about the credit-worthiness of a borrower, such as Columbia, based on debt and other factors. AAA is the highest rating, which denotes the lowest risk of credit default. According to online records of the University Senate plenary meeting minutes for Sept. 25, Bollinger “said Columbia can only take on so much debt consistent with its AAA rating. Leaving aside the reasonable debate about whether a AAA rating is worth it, he said, for the moment Columbia wants to maintain it.” A major concern, according to Bollinger, is that one of the main lenders for international students pulled out last fall, forcing the University to guarantee loans, which makes them “part of the university’s total debt capacity.” On the issue of lending for international students, the minutes further said, “The president had decided to allow the use of university debt capacity for this purpose. He noted that a large percentage of these loans end up in default, a fraction likely to rise under conditions of economic distress.” Economics professor Brendan O’Flaherty explained in an e-mail, “The credit rating is the judgment, partly subjective, by the credit rating agency, of how likely Columbia is to pay back the money it borrows. That depends on such things as size of the endowment, value of real estate that could be sold, underlying strength of the institution as a business, and of course, how much debt has already been issued and how much is likely to be issued in the future.” Robert Kasdin, Columbia’s senior executive vice president, said in an interview on Sunday that—though he did not attend the Senate meeting—the University is being careful. “At this time, financial prudence requires Columbia to remain cautious as it considers borrowing funds,” he said. According to the 2009 Trustees of Columbia University financial statement, the University’s current debt total is $1,396,407, which reflects the “total bonds and notes payable.” Kasdin declined to comment on the specifics of the University reaching its debt capacity and credit limit. When asked about the relationship between the current state of the University’s credit and funding for its planned 17-acre campus in Manhattanville, Kasdin said, “Columbia will continue over time to fund new construction across all of its campuses with its traditional combination of gifts, cash, and debt.” According to several economics professors, the AAA rating could have important implications for the University’s financial standing, though some questioned the validity of the rating process itself. Economics professor Sally Davidson wrote in an e-mail, “The AAA rating means that Columbia can issue debt at a low interest rate, and this is important. A downgrade of its debt to AA, for example, would mean an increase in the interest cost on new debt issuance of between 1/8 to 1/4%. This is the downside.” SEE CrEDIt lImIt, page 2
WEathEr
Carly Silver for Spectator
Carly Silver for Spectator
BBarNarD’S NEW StuDENt CENtEr | On Friday, Barnard led a hardhat tour of the Diana, the college’s new student center which is expected to open in January. Highlights included the cafeteria space and the blackbox theater. Students will be able to both work and sunbathe on the roof, which will have restricted ac access. See www.columbiaspectator.com for slideshow.
999 bottles of beer on the wall as La Negrita made over By gaBrIEla hEmpFlINg Columbia Daily Spectator Don’t call it La Negrita anymore. Popular campus bar La Negrita has received a swanky makeover and rechristening as part of the new manager’s hope to refresh the venue’s image after a year of financial woes. The manager, Eric Johnson, has turned management over to restaurateur Marc Solomon, who has made a name for himself in recent years for revitalizing tired venues. “I feel like it’s going to be more like a SoHo downtown lounge with more of a hipster vibe,” Johnson said, adding that he hopes the new look will make La Negrita, or 999 as it has been renamed, more business. Johnson was brought in last April after the owners realized that the recession had damaged their ability to turn a profit. In April, Johnson had told the old owners and loyal regulars he would do his best to keep La Negrita the same, save for a new toilet and some art for the walls. “You know there were a lot of people who really liked it this way, but I wish La Negrita the best of luck with its
new direction,” he said. “There were people who were really loyal to La Negrita the way it was,” he added. “I didn’t want to change its image, but now that its going in a new direction I wish them the best of luck.” Solomon confirmed that he is trying to move away from the old image. “The legacy of what? Why would I preserve something that was dying?” he said. He said he agreed to become the new manager because he liked the owners, and wanted to try to realize what he saw as La Negrita’s full potential. “This place has some loyal customers so I’m keeping the same prices, but still trying to make it higher end.” He said that so far, business has been great, and the neighborhood has responded positively to the changes. “We don’t have a lounge in the neighborhood like downtown,” he said of the rationale behind the makeover. He also added that he is bringing in “British grub” like Shepards pie, adding outdoor seating and installing a fireplace in the back. He said he believes that these moves towards a more lounge-like environment will bring in more regulars. news@columbiaspectator.com
Deal allows 8 more workers to join UAW 2110 By Sam lEvIN aND alIx pIaNIN Columbia Daily Spectator On Sunday evening, students celebrated Lerner Hall’s tenth birthday in a CCSC-sponsored study break. But they’re not the only ones who have a reason to rejoice. For eight Columbia employees who work at Lerner, paying for health care is no longer a concern. Last month, Columbia’s administrative services and the local UAW 2110 Union-which represents University employees throughout the city—struck a deal that ended a longstanding grievance and brought eight new employees into the union. According to Maida Rosenstein, president of the UAW 2110, the union filed a grievance against the University earlier this year on behalf of the Lerner Hall, AV Technician employees, in response to the University’s hiring practices. Rosenstein and Jennifer Myers, an organizer for 2110, said that the University SEE lErNEr, page 2
Faculty, students petition for Tajbakhsh’s release By amBEr tuNNEll Spectator Staff Writer On Sunday, students and professors who know Kian Tajbakhsh—an urban planner who earned his Ph.D. from Columbia and was slated to teach here this semester— publicized a letter lobbying for his release from Iranian prison. The letter, from kianletter@gmail.com, had gathered over 150 faculty signatures by press time. Tajbakhsh, who was supposed to teach at Columbia’s School of Architecture, Planning, and Preservation, was arrested this summer in Iran during the aftermath
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of the elections. He has also faced numerous charges of spying and being a threat to the national government. “We hope to raise awareness about Kian’s case, and show our support for him as a member of our academic community and as a renowned scholar who has been falsely accused and unjustly imprisoned,” said a graduate student involved in the campaign who was granted anonymity for security reasons. “The charges are nonsense. Kian is a dedicated scholar, and someone who cares deeply about Iran. He has worked throughout his career to foster understanding between Iran and the rest of the world. I was looking forward to seeing 2 3
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him continue that work at Columbia this year, and it is terribly sad and frightening to know that he is in prison right now, instead of in a classroom here.” “We, the undersigned faculty of Columbia University, call for the immediate and unconditional release of our colleague Dr. Kian Tajbakhsh,” the letter begins. It emphasizes his academic achievements and status as “an internationally recognized scholar who has taught at both American and Iranian universities.” “Throughout his career, he has dedicated himself to fostering better understanding SEE tajBakhSh, page 2 Classifieds Contact Info
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